One thing I found interesting is that MoviePass Ventures has started acquiring rights to movies. From an article on IndieWire:
Just five days after MoviePass declared that it would acquire films through a new subsidiary, MoviePass Ventures, the company has made good on the promise. Partnering with The Orchard, MPV will share the reported $3 million bill for North American rights to “American Animals,” the first narrative feature from BAFTA and Sundance Grand Jury Prize-winning documentarian Bart Layton (“The Imposter”). A U.S. Dramatic Competition contender at Sundance, “American Animals” premiered there January 19, hours after the MoviePass announcement.
I saw the trailer for that movie and had to pause it to make sure it said MoviePass. The movie looks like something I'd like and I'm looking forward to seeing it in the theater with MoviePass. I like to see MoviePass movies with MoviePass, dawg.
I think the $10/month thing is a marketing stunt. Don't forget they hired Mitch Lowe who was an executive at Netflix and Redbox as CEO in 2016. I would say there's some method to the madness here. They're gaining a lot of insights and a lot of users. I would still pay $10/month even if they limited it to 4-5 movies per month.
Also, don't forget about the tech. MoviePass has built out a system that I am still fascinated by where you can check in for a movie and your pre-paid debit card is instantly funded for enough to cover the price of a ticket. I know it's nothing earth shattering but as a nerd I get a little giddy thinking about it whenever I use it.
It will be interesting to see how it all plays out. I think they're playing a long game.
Just five days after MoviePass declared that it would acquire films through a new subsidiary, MoviePass Ventures, the company has made good on the promise. Partnering with The Orchard, MPV will share the reported $3 million bill for North American rights to “American Animals,” the first narrative feature from BAFTA and Sundance Grand Jury Prize-winning documentarian Bart Layton (“The Imposter”). A U.S. Dramatic Competition contender at Sundance, “American Animals” premiered there January 19, hours after the MoviePass announcement.
Full article: http://www.indiewire.com/2018/01/moviepass-the-orchard-acqui...
Trailer: https://www.youtube.com/watch?v=SKvPVvy2Kn8
I saw the trailer for that movie and had to pause it to make sure it said MoviePass. The movie looks like something I'd like and I'm looking forward to seeing it in the theater with MoviePass. I like to see MoviePass movies with MoviePass, dawg.
I think the $10/month thing is a marketing stunt. Don't forget they hired Mitch Lowe who was an executive at Netflix and Redbox as CEO in 2016. I would say there's some method to the madness here. They're gaining a lot of insights and a lot of users. I would still pay $10/month even if they limited it to 4-5 movies per month.
Also, don't forget about the tech. MoviePass has built out a system that I am still fascinated by where you can check in for a movie and your pre-paid debit card is instantly funded for enough to cover the price of a ticket. I know it's nothing earth shattering but as a nerd I get a little giddy thinking about it whenever I use it.
It will be interesting to see how it all plays out. I think they're playing a long game.